PROSPECTS AND OPPORTUNITIES
Projected decline in home improvement due to economic challenges
US home improvement is projected to experience ongoing sales decline over the forecast period, driven by several economic factors. High interest rates will lead consumers to postpone major renovation projects, as borrowing becomes more expensive, and affordability decreases.
3D Printing set to gain momentum in home improvement as a cost-effective and sustainable alternative
3D printing, or additive manufacturing, is rapidly transforming the home improvement landscape by introducing a cost-effective, timesaving, and design-flexible alternative to traditional construction methods. Heading into 2025, this technology will be increasingly adopted not only for constructing entire homes, but also for specific remodelling tasks, such as custom furniture, decorative features, and modular components.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Improvement industry in USA with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Improvement industry in USA, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Home Improvement in USA report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Home Improvement in USA?
- Which are the leading brands in Home Improvement in USA?
- How are products distributed in Home Improvement in USA?
- How is the rise of e-commerce changing the retail and competitive landscape?
- Have home seclusion and social distancing measures following COVID-19 benefited sales of Home Improvement?
- Has the economic fall-out of COVID-19 negatively or positively impacted consumer interest and demand for Home Improvement?
- Where is future growth expected to be most dynamic?
Home Improvement in the US - Category analysis
KEY DATA FINDINGS
Home improvement declines amid high interest rates and sluggish housing activity
Strategic innovation and rising competition reshapes home improvement offerings
Omnichannel strength and digital tools drive distribution in the US
Projected decline in home improvement due to economic challenges
3D Printing set to gain momentum in home improvement as a cost-effective and sustainable alternative
Home and Garden in the US - Industry Overview
Home and garden in 2024: The big picture
2024 key trends
Competitive landscape
Retail developments
What next for home and garden?
DISCLAIMER
The following categories and subcategories are included:
Home Improvement
- Bathroom and Sanitaryware
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- Carpets
- Floor Tiles
- Wooden Flooring
- Other Floor Covering
- Hand Tools
- Hardware
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- Lacquer and Varnish
- Decorative Paint
- Kitchen Sinks
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- Corded Drills
- Cordless Drills
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- Other Corded Power Tools
- Other Cordless Power Tools
- Power Tool Accessories
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- Wall Tiles
- Wallpaper
- Other Home Improvement
Home Improvement
Includes: products purchased by consumers through retail channels.Excludes: commercial sales to professional builders / tradesmen / contractors etc. Home improvement refers to bathroom and sanitaryware, decorating sundries, floor covering, hand tools, hardware, home paint, kitchen sinks, power tools, wall covering and other home improvement.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Home Improvement research and analysis database.
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